When somebody turns into unable to work resulting from damage or sickness and goes out on incapacity, there could also be sources of revenue substitute obtainable by the State that you simply reside in and/or the federal authorities. Solely a handful of states have a State Incapacity Insurance coverage Program, and the Social Safety Administration offers federally funded packages to help disabled employees.
State Incapacity Insurance coverage Program (SDI)
5 states (California, Hawaii, New Jersey, New York, Rhode Island) and Puerto Rico, have State Incapacity Insurance coverage (SDI) packages. These packages are designed to partially substitute wages for employees who’re very unwell, injured off the job, and unable to work. If you’re disabled for lower than one yr, a state incapacity program could also be your solely supply of incapacity advantages by a authorities entity.
In California, the Employment Growth Division (EDD) offers short-term wage substitute advantages to eligible employees who’ve a lack of wages when they’re unable to work resulting from a non-work-related sickness, damage, or being pregnant.
The EDD can pay SDI for so long as you stay disabled, as much as a most of 52 weeks.
Social Safety Incapacity Earnings (SSDI)
Social Safety Incapacity Insurance coverage (SSDI) is a federal program administered by the Social Safety Administration. This program can pay advantages to you and sure relations in case you are “insured,” which means that you’ve labored lengthy sufficient, and just lately sufficient, and paid Social Safety taxes in your earnings.
With a view to fulfill the definition of incapacity beneath the Social Safety Administration’s guidelines, you will need to have a medical situation that makes it such that you simply can’t do the work that you simply did earlier than due to your medical situation, and you can’t modify to different work due to your medical situation. Moreover, incapacity should final or be anticipated to final for not less than one yr or to end in demise.
Your monetary standing will not be a consider figuring out whether or not you qualify for SSDI. In different phrases, for those who fulfill the entire Social Safety’s standards to obtain SSDI advantages, the actual fact that you’re a millionaire or billionaire doesn’t play a consider figuring out whether or not you might be eligible for advantages.
Supplemental Safety Earnings (SSI)
The Supplemental Safety Earnings (SSI) program can also be administered by the Social Safety Administration. The SSI program offers month-to-month funds to adults and kids with a incapacity or blindness and who’ve revenue and assets beneath specified quantities. You might be able to obtain SSI in case your assets have a price that’s $2,000 or much less. A pair might be able to obtain SSI if they’ve assets price $3,000 or much less.
SSI funds can be made to folks 65 and older with out disabilities who meet the monetary necessities for these advantages.
The underside line is that to qualify for SSDI, you will need to meet the Social Safety Administration’s standards for incapacity. Whether or not you qualify for SSI is dependent upon your revenue and assets. You don’t essentially have to be disabled to obtain SSI.
